Settlement Day A lot of people have to be there on settlement day. You’ve got both sets of bankers, and both sets of lawyers. They’ve all got to be at the one spot at the one time, do all their bits, do their little inputs for...

Pre-Settlement Inspections Of course, on settlement day, one of the things that I highly recommend is you go and do a pre – settlement inspection. If you are buying a place at a distance, then send around the building inspector. The building inspector has inspected the...

Insurance In New South Wales, the risk of the property passes at settlement. However, the practice is still, once it’s signed, as a matter of prudence, you should take out your own insurance for a number of reasons. You don’t know that the seller has got...

Site Inspection Clause If you want to get onto the site prior to settlement, make sure it’s written in the contract that you’ve got access. Otherwise, once you’ve signed the contract, the buyer can say to you, “Sorry, I’m not letting your air conditioning man or...

Compare